Stocks
Renaissance Technologies Sells Significant Stake in Microsoft Corporation
Renaissance Technologies LLC has reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by selling 678,633 shares during the first quarter. The fund now owns 9,485 shares of MSFT stock after the sale.
The value of Renaissance's holdings in Microsoft was $3,518,000 at the end of the most recent reporting period. This represents a significant decrease in their stake in the software giant.
In contrast to Renaissance's reduced holdings, other hedge funds have increased their positions in MSFT. Longfellow Investment Management Co. LLC raised its position by 51.3% in the second quarter, while Shepherd Kaplan Krochuk LLC boosted its holdings by 4.9% during the third quarter.